The potential returns on investment for the rural tourism development in Ferragudo are promising, especially considering the burgeoning tourist market in Portugal. Priced at €1,450,000, this project is tailored for buyers looking to capitalise on the Algarve’s scenic allure.
With a planned construction of 14 spacious apartments, featuring ten 3-bedroom, two 2-bedroom, and two 1-bedroom units, investors can expect a robust occupancy rate backed by the location's appeal. The property is ideally situated just moments from the nearest beach and the picturesque town of Ferragudo, ensuring high demand year-round.
Additionally, the proximity to some of the Algarve's best golf courses, only 2.5 km away, makes this property an attractive option for golf tourists seeking accommodation. With the right marketing and management, the expected rental yields can be substantial, especially during peak holiday seasons.
The amenities, including a pool, bar, and recreational spaces, add further value, allowing for premium pricing on accommodations. With the rural tourism license awaiting approval, you'll have the opportunity to make enhancements to the construction plans, thus maximising investment potential. This is a rare opportunity to invest in a project with significant upside—contact us today to explore the possibilities!
• Plot area 4690 m²
• Construction area 2000 m²
• Two floors
• 15 houses
• Rural tourism license awaiting approval
• The price includes the plot only, not the construction costs
• Nearest beach 2.4km
With a partial view of Gramacho golf, this plot of land with 4. 690 m² has a construction project in the context of "Tourism in Rural Areas". The plan is to construct 2 two story buildings comprising of 14 rental units. 10 x 3 bedroom, 2 x 2 bedroom and 2 x 1 bedroom. Front desk, commercial area, swimming pool, bar, laundry, recreation room, green areas and an underground car park with lockable storage areas.
Subject to final approval but has pre-guidance, this will be approved and will be at the time of sale or before. Awaiting documentation.
Ideally located only 5 minutes’ drive from two of the Algarve's best golf courses, good quality restaurants and shops, 5 minutes from the center of the popular fishing town of Ferragudo. Opportunity to change plans before construction.
Amenities
• Underground garage for 10 vehicles
• Outdoor parking for 25 vehicles
• Lockable storage areas
• Option to change plans and add extra rooms
Location
• Distance to the sea – 1.5km
• Nearest town 1.4km
• Nearest beach 2.4km
• Nearest school 1km
• Nearest golf 2.5km
• Distance to airport 66km
